Joseph Wong
Broker, MBA, FRI, CRES
Calgary, Alberta, Canada



Contact Information:

Cell: (403) 680-8611 Res: (403) 208-2889
Fax: (403) 208-2388

Email Address:

josephwong@realtymail.net
or
jojocan2001ca@yahoo.ca

Want to know more about Joseph Wong and how he can help you with any real estate needs?

>> Click here for more information
 
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Gold Panner Inn - Lillooet, British Columbia

CLS #: 2370957
Asking Price: $1,380,000CDN
Type: 2-Storey Concrete
Year Built: 1992

We have a combination of a small strip centre and a new 24 rooms motel for sale in Lillooet, British Columbia, Canada.

The location of the motel is right in downtown of Lillooet, British Columbia, which is about 11 hours drive from Calgary or three and half hours drive from Vancouver.  You can get more information about Lillooet, B.C. through the search on internet under "District of Lillooet, B.C.  The population of Lillooet is about 3,000 with a trading area of 19,000.

The subject property which was constructed in 1992 is a 2 storey concrete building, although the 2nd floor where the motel is was finished about a year ago.  The motel wasn't open for business until recently.

The building size is 15,280 sq feet, main floor and 2nd floor together.  The size of the site is 16,864 sq feet.  It has 24 rooms together.  All the guest rooms are on the 2nd floor, with the exception of the manager's suite which is on the main floor.  The main floor has 3 retail spaces (6,260 sq ft altogether) which have been leased to three good and steady tenants.  The current net annual income from the retail spaces is $66,572 plus income from the motel rooms.  Since the motel has just been opened for business, we do not have the information on its revenue and expenses.  Based on the performance of another much more older motel in the immediate vicinity, the annual occupancy rate is around 80%.

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